This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AOL and Time Warner Beat, First Solar Goes to the Woodshed

NEW YORK ( TheStreet) -- Stocks continued to slide Wednesday as momentum on the daily charts for the major equity averages begin to roll over. Among the seven stocks I profiled pre-earnings on Aug. 5 in AOL, Time Warner, Disney and First Solar Earnings Preview, four beat EPS estimates, one matched and both energy-related companies missed.

The Dow Industrial Average stayed above its weekly value level at 15,374 as did the S&P 500 vs. its weekly level at 1676.8. The Nasdaq closed below its monthly pivot at 3663. The Dow transportation average closed below its weekly value level at 6475, while the Russell 2000 stayed below its weekly level at 1053.08.

Fundamentally the ValuEngine valuation warning continues with 75.5% of all stocks overvalued with 42.2% overvalued by 20% or more. 15 of 16 sectors are overvalued, 14 by double-digit percentages including eight overvalued by more than 20%.

Scorecard from stocks that reported earnings results Tuesday afterhours and Wednesday premarket:

AOL (AOL - Get Report) ($36.69) beat EPS estimates by 6 cents earning 39 cents a share. The stock closed at $36.18 on Tuesday and opened higher on Wednesday trading to a day's high at $38.40 then dipped to $36.63 staying above its 50-day and 200-day SMAs at $36.30 and $35.56. My monthly value level is $33.39 with quarterly and weekly pivots at $35.79 and $37.48.

Disney (DIS - Get Report) ($65.91) matched estimates earning $1.03 a share. The stock closed at $67.05 on Tuesday and traded down to $64.12 on Wednesday vs. its 50-day SMA at $64.45. My quarterly value level is $59.87 with weekly and semiannual pivots at $64.85 and $66.09 with a monthly risky level at $68.88.

Marathon Oil (MRO - Get Report) ($35.13) missed estimates by 4 cents earning 67 cents a share. The stock closed at $36.88 on Tuesday and gapped below its 50-day SMA at $35.66 on Wednesday staying above its 200-day SMA at $33.31. Marathon is trading below my monthly pivot at $37.12.

Nuance Communications (NUAN - Get Report) ($19.10) beat estimates by 2 cents earning 22 cents a share. The stock closed at $19.33 on Tuesday and gapped below its 50-day SMA at $18.86 on Wednesday trading down to $17.90. My monthly and weekly pivots are $17.52 and at $18.71 with my annual risky level at $22.02.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AOL $50.01 0.00%
DIS $110.37 0.00%
FSLR $49.71 0.00%
MRO $27.19 0.00%
NUAN $16.87 0.00%

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs